Tyler Durden's picture

Thanks ISIS: We "Can't Keep Up With Surging Weapons Demand", Pentagon Says

With many suggesting the world, already gripped in a global terrorism frenzy courtesy of the CIA-created "Islamic State", is on the verge of World War III (and with a NATO power bringing down a Russian fighter jet for the first time in over 60 years one can see where they get that idea) the result has been an unprecedented surge in demand for mode n weapons of all shapes and sizes... made in the US. Demand so high, in fact, that the US simply can't keep up: "It's worldwide. The demand signal is coming in Europe, in the Pacific and in Centcom." 


Tyler Durden's picture

Durable Goods Orders Signal Recession With 7th Consecutive Drop

For the 7th month in a row, Durable Goods New Orders fell year-over-year (down 1.0%). This has not occurred without a recession. While MoM the headline number rose 3.0% (beating the 1.7% rise expected), it appears driven by another one-off surge in Boeing plane orders as Capital Goods Shipments Ex-Air fell 0.4%. Finally, the inventory to shipments ratio re-accelerated in October, back near cycle highs.

Tyler Durden's picture

Congress Wants To Seize Your Passport For Unpaid Taxes

Sometimes you just have to stand in awe at the level of corruption and incompetence in government.

Tyler Durden's picture

Rolls Royce Plunges On Bombshell Profit Warning, Dividend Review; Faces "Near Death Experience"

Rolls Royce just delivered a shocker of a profit warning as new CEO Warren East said the company will take a $990 million hit in 2016 attributable to "sharply lower" sales in the corporate jet space. The shares fell as much as 22% and CDS blew out to three-year wides. 

Secular Investor's picture

Why A Rate Hike Might Result In A 'Double Whammy' For Mainstream Investors

The potential outcomes are looking increasingly worrisome for financial markets across the board...

Tyler Durden's picture

S&P Futures Spike Back Over 2100 On Central Banks, Yen Carry Levitation, China Bull Market

For those eager to cut to the chase and curious if overnight we have had another standard USDJPY ramp levitating US equity futures on low volume, the answer is yes. And since the USDJPY carry was patient enough, it managed to trigger the 2100 ES stops and as of this moment the futures were comfortably on the politically-correct side of 2100.

Tyler Durden's picture

Victim Body Parts Suggest "Powerful Explosion" Most Likely Cause Of Russian Airplane Crash

"A large number of body parts may indicate that a powerful explosion took place aboard the plane before it hit the ground."

Tyler Durden's picture

US Factory Orders Miss Again, Drops Year-Over-Year For 11th Month In A Row

It's just factory orders...ignore it. For the 11th month in a row, US Factory Orders have fallen year-over-year, re-acclerating the most recent drop to -6.9%, something that has not happened outside of a recession in history. In fact, adjusting for the one-off Boeing surge in July 2014 this is biggest Y/Y drop since October 2008. Month-over-month, orders fell 1.0% (more than expected), down for the 11th month in the last 14. The good news is that inventories dropped 0.4% (for the 3rd month in a row) but that will further hurt GDP, but, unfortunately, inventories-to-shipments remain at 1.35x cycle highs.

Tyler Durden's picture

Russian Plane Disintegrated Due To "Mechanical Impact" Airline Claims, Hinting At Bomb Explosion

"I’m not authorized to make any sort of conclusions, but a plane cannot simply disintegrate"...

Tyler Durden's picture

Futures Fade As Hawkish Fed Deemed Not So Bullish After All

Based on the overnight market prints which are an oddly reddish shade of green, it took algos about 12 hours to realize that the reason they soared for most of October, namely hopes of an easier Fed which were launched with the terrible September jobs report and continued with increasingly worse US economic report in the past month, can not be the same reason they also soared yesterday after the announcement of a more hawkish than expected Fed statement which envisioned a stronger US economy and a removal of foreign considerations, which even more curiously took place on even worse data than the Fed's far more dovish September statement.

Tyler Durden's picture

Frontrunning: October 28

  • Global shares rise as Riksbank helps ease Fed wait (Reuters)
  • Asian Stocks Retreat Before Fed as Material Shares Lead Losses (BBG)
  • For Fed, a Rates Puzzle Looms (WSJ)
  • What the Superforecasters Say About When the Fed Will Lift Rates (BBG)
  • U.S. Looks at Proposals to Step Up Fight Against Islamic State (WSJ)
  • China Steel Head Says Demand Slumping at Unprecedented Speed (BBG)
  • VW slumps to first quarterly loss in at least 15 years (Reuters)
Tyler Durden's picture

Futures Firm On Hope Draghi Will Give Green Light To BTFD

After yesterday's dramatic late day market rout catalyzed by the tumble in the biotech sector in general, and Valeant in particular, and foreseen in its entirety by Gartman who went bullish just hours before, this morning US equity futures and European stocks have recouped some losses on the recursive, and traditional, hope that Mario Draghi will say something to push risk higher when he speaks in 2 hours at the ECB's press conference in Malta. And yet, just like Yellen a month ago, Draghi faces the paradox of reflexivity that after years of being ignored, is the "new thing" in town: how does he intervene and demonstrate he is readier than ever to set up stimulus, without panicking investors over euro area’s health.

Tyler Durden's picture

It's Back To The Future As Stocks, Futures Jump On The Latest Abysmal Economic News; China Tremors Return

26 years ago, today was envisioned as day when cars flew, holographic movies were box office hits, hoverboards roamed, and people were fired by fax. None of the happened. Instead the only "back to the future" moment this morning is a deja vu one we have seen every day for the past 7 years: bad economic news leading to surging stocks.

Tyler Durden's picture

Key Events In The Coming Week: Little Macro, Lots Of Micro

It is a generally quiet week on the economic front, with updates mostly on the housing front where following today's euphoric NAHB Housing Market Index, we have housing start and permits, blaims and existing home sales. Elsewhere, Fed speakers continue to speak, with Lacker, Dudley (again) and Powell confusing traders once more. The big news this week is earnings as some of the most prominent companies report, including IBM, Verizon, GM, Ebay, Coke, Boeing, Amazin, AT&T, CAT, Microsoft and P&G.

Tyler Durden's picture

Frontrunning: October 14

  • Democratic rivals back Clinton on emails, but little else in scrappy debate (Reuters)
  • Hillary Clinton Shows Relentless Efficiency in First Democratic Debate (WSJ)
  • U.S. Examines Goldman Sachs Role in 1MDB Transactions (WSJ)
  • JPMorgan Says Trading Pain Isn't Over After Third-Quarter Slump (BBG)
  • Islamic State battles insurgents near Aleppo as army prepares assault (Reuters)
  • Oil Slide Means `Almost Everything' for Sale as Deals Accelerate (BBG)
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